Everock Inc Com (EVRN)

[bliz82]

I just look at the amount of net profit they would need to make to support even the current share price. I tag that at around 1M (at a 10-1 PE...500K at 20-1 PE). At a say 15% net margin, they would have to make over 6.5M (overall revs). I'm using 900M in my calculations because I'm assuming the O/S will be nearly maxed out in the coming months.

1M/900M = .0011 x 10PE = .011 or at 20PE = .022 pps.

That's why I think EVRN at best has minimal upside and at worst is another typical printing press to make money for the company. Hopefully you guys at least make money on this pump in the interim. I'll be curious to see how it turns out.